Hospitality sector: India to see addition of 94,000 keys by 2029
The hospitality sector is witnessing an upward growth chart with a raft of signups in the branded hotels segment, adding to the growing pipeline of rooms. As per research by hospitality consultancy Hotelivate, about 94,000 branded hotel rooms across segments were to be added by 2028-29.
Major players like IHCL, Marriott International, and Radisson Hotel Group are aggressively expanding their portfolios, particularly in tier 2 and 3 cities. This expansion is driven by a focus on quality and catering to a diverse range of travelers.
The research says that the existing room count stands at 192,000.
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